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AP Exclusive: Middleman Helped Saudi Give to Obama Inaugural

When President Barack Obama was reelected in 2012, a Saudi tycoon and his business associate sent hundreds of thousands of dollars to the U.S. to help pay for the inaugural celebration and get a picture with the president, according to court documents and an a...

US Consumer Confidence Dips Slightly in August

WASHINGTON — Consumer confidence dipped slightly in August after a big rebound in July. The Conference Board, a business research group, said Tuesday that its consumer confidence index edged down to 135.1 in...
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US Economy Slowed to 2.1% Growth in Second Quarter

WASHINGTON — The U.S. economy slowed sharply in the April-June quarter even as consumers stepped up their spending. The gross domestic product, the economy's total output of goods and services, grew at a 2.1% annual rate last quarter, down from a 3.1% gain ...
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Sears Files for Chapter 11 Amid Plunging Sales, Massive Debt

NEW YORK — Sears filed for Chapter 11 bankruptcy protection Monday, with plans to shutter 142 unprofitable stores in the hopes that it can stay in business. "This is a company that in the 1950s stood like a colossus over the American retail landscape. Hopef...

Business Forecast Points to Strong Valley Growth

The San Joaquin Valley Business Conditions Index advanced to 59.0 from October’s 58.2 — a range that points to strong growth. An index greater than 50.0 indicates an expansionary economy over the next three to six months, Fresno State News reported Monday, Dec...